One Couple’s Story
Roberta (“Birdie”) and Bob Feldman were looking for ways to simplify their lives and spend less time tending to the investments they’ve made over the years. They decided to demonstrate their support for City of Hope by donating a multifamily building to fund a charitable trust:
“Even though we have a management company, being a landlord is very demanding,” says Birdie. “We want to be able to go on vacation without having to worry about the property … and spend more time on our boat.” The couple share a love for travel and boating and is never happier than when they are at sea.
The Feldmans created a City of Hope charitable trust, which enabled them to sell the property and avoid incurring capital gains taxes on the transfer. They receive an annual payout, which will continue for both their lifetimes, after which the remainder will become a gift to City of Hope.